A new report has revealed that most UK SMEs are confident about growing their business this year.
The 82% of smaller sized businesses aiming for growth in 2025 also expect to increase their employee numbers.
The Aviva study did however highlight skill shortages as being a potential barrier to SME growth with just 36% agreeing there are enough people with the right skills for their business in their community.
Need help deciding between Limited or Umbrella? We are happy to help- give Sophie a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com
According to the findings, micro and small firms are marginally more impacted than medium-sized businesses, with 72% agreeing there is enough talent in the local community, compared to 80% of medium-sized businesses.
David Schofield, Sustainability Director at Aviva, said, “SMEs are the backbone of the UK economy. Their growth is vital not only for economic stability but also for the prosperity of local communities across the nation. These survey findings underscore their determination and optimism, while also highlighting the challenges that could impact their growth.
To find out more about contracting please contact Lauren on 01206 591 000 or email lauren.monks@contractorumbrella.com.
Trusted by over 1,200 employees |